Remove Accountability Remove CISO Remove Cyber Risk Remove Data privacy
article thumbnail

Wells Notice Against SolarWinds CISO Could Be First of Its Kind

SecureWorld News

In a LinkedIn post today, June 26th, Jamil Farshchi, EVP and CISO at Equifax, had this to say about the news: "This is a really big deal. It's unprecedented: this is likely the first time a CISO has ever received one of these. So it seems odd for a CISO to get one of these," he wrote. federal securities laws."

CISO 88
article thumbnail

New York Financial Services Firms to Face More Cybersecurity Oversight

SecureWorld News

Designate a qualified individual (CISO or equivalent) responsible or overseeing and implementing a cybersecurity program and enforcing its cybersecurity policy. Require the CISO to provide a written report at least annually to the board or equivalent governing body. It's a core responsibility of the board and management team.".

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Security Outlook 2023: Cyber Warfare Expands Threats

eSecurity Planet

Seasoned cyber criminals can create and sell attack portfolios as a service to receive simple, quick, and repeatable paydays. The LockBit threat group is the biggest source of ransomware and RaaS attacks, accounting for 44% of successful ransomware attacks in 2022, according to Trustwave SpiderLabs in a new report released today.

article thumbnail

Safety first: Will insurance companies stall or accelerate cybersecurity progress?

SC Magazine

Ultimately, he believes “this is good for businesses as, through the insurance process, they will gain better visibility into their cyber risks and measures they can deploy to keep digital operations secure and compliant to data privacy regulations.”. billion in premium.

Insurance 126
article thumbnail

Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

“Where we might have previously relied on what was provided in a short, written application, today we regularly have hour-long underwriting calls with clients, often speaking with their CISOs and security teams, to understand their risk and what security protocols they have in place.”. AI, ML Playing a Role. billion in direct premiums.

article thumbnail

New SEC Rules Require Breach Disclosure within Four Days

eSecurity Planet

” Still, Exabeam CISO Tyler Ferrar told eSecurity Planet by email that he’s hopeful the rules will benefit consumers too by encouraging better security. “This added layer of accountability can thus create a safer environment for consumers’ personal information.”

article thumbnail

Key Cybersecurity Trends for 2024: My Predictions

Jane Frankland

The proliferation of IoT devices and sensors will accelerate, allowing organisations to collect and leverage data for improved operational efficiency and real-time monitoring. Bad Bots (fake account creation, account takeovers, scraping, account management, and in-product abuse, etc.)